Citadel’s Global Fixed Income fund and Taula are among the hedge funds worst hit by last week’s market turmoil, while D.E. Shaw & Co.’s two main vehicles were a rare bright spot in the industry.
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Source: The Chart Report @TheChartReport
1) Iran war put downward pressure on global economic growth and upward pressure on global inflation: 2) US labor market continues to weaken 3) The Fed has less leeway to cut rates because of rising inflationary pressure (and despite weakening labor market and weakening growth) 4) Some investors start to lose confidence in some Private Credit Funds as banks are forced to mark down their bad credit exposure. All of them are manageable separately. But the mix is not easy to deal with...
“The Federal Government cannot continue to spend more money than it takes in.” – Jimmy Carter (1978) “For decades we have piled deficit upon deficit, mortgaging our future and our children's future.” – Ronald Reagan (1981) “We must bring the Federal budget deficit under control.” – George H.W. Bush (1989) “We must put our fiscal house in order.” – Bill Clinton (1993) “We can pay down a large portion of the national debt.” – George W. Bush (2001) “Families across the country are tightening their belts … the federal government should do the same.” – Barack Obama (2010) “We will start to balance our budget and pay down our debt.” – Donald Trump (2016) “My plan will reduce the deficit.” – Joe Biden (2022) “We will balance the federal budget.” – Donald Trump (2024) Charlie Bilello

